Axis Bank Liberty Savings Account Benefits

[Deleted member 2540]

★ Axis liberty savings account is the best savings account for individuals who can qualify by meeting any one of the following conditions:-

(1) Maintain a minimum balance of ₹25000 in your account.

OR

(2) Spend ₹10000** per month on food, entertainment, shopping, and travel categories using the liberty debit card,
and
(2) Spend ₹15000^ per month at any merchant via the liberty debit card.

OR

(3) Spend ₹25000^ per month at any merchant via the liberty debit card.

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★ By meeting the 2nd condition, you can enjoy the following benefits with maximized savings:

(1) Zero balance account, since monthly spend of ₹25000 (₹10000** + ₹15000^) is required to receive the Non-Maintenance Charge (NMC) waiver for that particular month.

(2) 5% cashback (up to ₹500 per month), available on weekend transactions only (transactions made on Saturday and Sunday are considered).

● During your birthday month, you can earn 5% cashback up to ₹1000.

(3) One complimentary domestic lounge access per quarter.



★ Conditions:-

**Check the list of eligible MCCs for the Weekend 5% Cashback at the link below.** 👇

https://www.axisbank.com/docs/default-source/default-document-library/liberty-cashback-tnc.pdf

^Check the list of excluded spends/MCCs for the NMC waiver at the link below.^ 👇

https://www.axisbank.com/docs/default-source/default-document-library/liberty-savings-account-lifestyle-benefits-terms-and-conditions.pdf

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★ Overall Benefit:-
● ₹1000 × 1
● ₹500 × 11

Total:- ₹6500

★ Consolidated Charges:-
● SMS Charges: ₹17.70 × 4 = ₹71 (including GST)
● Liberty debit card annual fee: ₹354 (including GST)

Total:- ₹425

★ Net Annual Savings:- ₹6075/-

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1st Note:- You can now open a liberty account digitally and will receive both a virtual debit card and a physical liberty debit card. But, the virtual debit card issued with the digital axis liberty account is not the same as the e-debit card provided with other axis bank digital account variants.

2nd Note:- Quarterly gift voucher benefit linked to LIBERTY Savings Account shall be discontinued from 31th December, 2025 for all existing as well as new customers. Customers who qualify for this benefit basis the transactions done till 31st December, 2025 shall be considered eligible and awarded voucher as applicable basis terms laid out herewith.

Redemption Link for 750 GV:- https://www.gyftr.com/rewards/axisbankspendscampaign/

 

[jack333]

Well, they didn't consider IndusInd add fund as merchant transaction so I am not eligible for voucher. So I would suggest to avoid this.

They do. I've received all mine by doing this only

 

[sm9811911]

(Partial step of the trick 1) Purchase anything from flipkart, amazon, neu etc 🤣 .... Plus .........................

(If you really TF ace member you can know the next step)

Acha ye wali hai. I thought qr.
Vaise ye TF Ace toh timesprime me free mila tha.

 

[sm9811911]

(Partial step 1 of the trick 1) Purchase anything from flipkart, amazon, neu etc 🤣 .... Plus .........................

(If you really TF pro member you can know the next step)

Bdw jokes aside, you're very helpful. Thank you..

 

[samm255]

They do. I've received all mine by doing this only

I didn't receive for last qtr even though I spent 70k+. When complained on X dm they raised service request # and updated me I am not eligible for voucher because I didn't spent 60k on merchant.

 

[Deleted member 2540]

I didn't receive for last qtr even though I spent 70k+. When complained on X dm they raised service request # and updated me I am not eligible for voucher because I didn't spent 60k on merchant.

You loaded indus in differ months of Quarter ?
Or all txns in December only ?

 

[Iam₹K$]

Acha ye wali hai. I thought qr.
Vaise ye TF Ace toh timesprime me free mila tha.

Timesprime me ye bhi milta hai?🙄

 

[Deleted member 2540]

I didn't receive for last qtr even though I spent 70k+. When complained on X dm they raised service request # and updated me I am not eligible for voucher because I didn't spent 60k on merchant.

If they did not consider it as spends then For NMC waiver also it will be excluded.

Hence NMC may be charged in future

 

[Tejo]

If they did not consider it as spends then For NMC waiver also it will be excluded.

Hence NMC may be charged in future

For some X issue I called Axis cs..... The agent was in such a hurry to ... upgrade my dc to some other, also he advises to upgrade my acc.

 

[samm255]

You loaded indus in differ months of Quarter ?
Or all txns in December only ?

45k in Oct and 25k in Dec and rest small paytm transactions in-between. I have balance more than required MAB so that's not an issue.

 

[Deleted member 2540]

45k in Oct and 25k in Dec and rest small paytm transactions in-between. I have balance more than required MAB so that's not an issue.

25k in December at which date ?

I think after specific date they excluded it or stopped counting such funding txns as merchant spends and we can not even argue since these are not really Merchant Spends and MCC is 6012 which define very well that it is not a merchant spend but funding to a Bank Account or Credit Card Repayment🤣

In December I also did Indus Load and got the Voucher.

 

[samm255]

25k in December at which date ?

20k+25k on 19th Oct & 19k on 1st Dec and 6k on 2nd Dec. I think it is hit and miss so I would avoid in future such transactions. Earlier I used to load kotak which gave me Voucher but this qtr I only used IndusInd. These all transactions were done by debit card.

 

[anantnitish]

Well, they didn't consider IndusInd add fund as merchant transaction so I am not eligible for voucher. So I would suggest to avoid this.

In the statement it shows P2M na ?
My earlier comment got deleted by mistake

 

[Deleted member 2540]

20k+25k on 19th Oct & 19k on 1st Dec and 6k on 2nd Dec. I think it is hit and miss so I would avoid in future such transactions. Earlier I used to load kotak which gave me Voucher but this qtr I only used IndusInd. These ae transactions were done by debit card.

If they really excluded Indus Funding txns then I am also not eligible but Received the GV

Any chance your spends crossed 60k Excluding December 19k and 6k ?

 

[Tejo]

20k+25k on 19th Oct & 19k on 1st Dec and 6k on 2nd Dec. I think it is hit and miss so I would avoid in future such transactions. Earlier I used to load kotak which gave me Voucher but this qtr I only used IndusInd. These ae transactions were done by debit card.

Did spent only on single merchant that indus load only ?

Only 60k ? Not less ? 0.01 difference to matters

 

[samm255]

Any chance your spends crossed 60k Excluding December 19k and 6k ?

No, Oct month were 45k, rest were in Dec. @Tejo Yes, only on Indus in last quarter, few small paytm transactions but they were around Rs 1k. I spent 70K+ in last quarter.

 

[samm255]

In the statement it shows P2M na ?

Yes, It shows Ecom Pur in statemen. Here you can see.

 

[samm255]

Also money manager shows spend in Oct 45k and in Dec 25k.

 

[Deleted member 2540]

Also money manager shows spend in Oct 45k and in Dec 25k.

Will take up the matter with MD desk.

Need to dig out what excatly they changed for categorizing txns as spends for 60k and 25k.

 

[Tejo]

No, Oct month were 45k, rest were in Dec. @Tejo Yes, only on Indus in last quarter, few small paytm transactions but they were around Rs 1k. I spent 70K+ in last quarter.

Just go with the advises of @VISHESH_BANSAL

 

[samm255]

Will take up the matter with MD desk.

Let me know if you need anything from me and I'll share in DM. I complaint to PNO with statement screenshot after X support denied me Voucher and wait to see what they have to say,